BNBCalc Short Term Rental Investment Analysis 1359 Strand St

3 bed • 1 bath • 6 guests • $375,000

BNB

Calc

Annual Revenue

$42,054

Profit (Cash Flow)

-$2,389

Cap Rate

6.1%

Annual Revenue

$42,054

AirDNA projects $202/night at 57% occupancy ($42,054). Airbtics projects $214/night at 55% occupancy ($42,989). Airbtics predicts this property will perform in the 46% revenue percentile

BNB Calc projects a 56.99999999999999% occupancy rate, $202 rate per night.

Revenue Percentile (property's earnings compare to others in the market}

Percentiles	25%	50%	75%	90%
Revenue	$25,837	$39,698	$70,130	$99,251
Occupancy	41%	49%	74%	82%
Nightly Rate	$156	$202	$244	$316

Seasonality (Profit by Month)

Airbnb Comparables

Airbnb name	Revenue	Rate/night	Occupancy	Beds	Baths	Night	Cleaning	Pool	Tub	Pets	W/D	Reviews
Minutes from Airport Mid Century Mod 3BR Home	$46,553	$151	75%	3	2	2	$150	❌	❌	❌	Y / Y	⭐️ 5 (56)
A Conventional Family Home- Self Check In &Parking	$44,741	$252	44%	3	3	30	$175	❌	❌	❌	Y / Y	⭐️ 4.7 (29)
The Artist’s Way	$43,981	$221	48%	3	2	2	$250	❌	❌	❌	Y / Y	⭐️ 4.8 (31)
3 Bedroom Brick Rancher in the heart of the city	$24,128	$111	50%	3	1	2	$155	❌	❌	❌	Y / Y	⭐️ 4.7 (104)
Lovely 3 bed bungalow with charming fire pit	$48,518	$306	40%	3	2	1	$115	✅	❌	✅	Y / Y	⭐️ 4.5 (29)
3-BR Home 3 mins. to Airport & 11 mins. to Beach	$48,401	$171	71%	3	1	30	$130	❌	❌	✅	Y / Y	⭐️ 4.8 (29)
Norfolk Vacation Rental: Patio, 3 Mi to Beaches!	$38,112	$117	89%	3	2	30	$135	❌	❌	❌	Y / Y	⭐️ 5 (4)
Murphy's Manor	$59,758	$410	39%	3	1	2	$50	❌	❌	❌	Y / Y	⭐️ 4.9 (94)
Pet-Friendly Norfolk Home w/ Patio!	$74,200	$185	82%	3	3	2	$155	❌	❌	✅	Y / Y	⭐️ 4.5 (15)

Return Metrics

-2.52% cash on cash return is a poor return over the next 1 year

Investment Value Over Time

	Y1	Y2	Y3	Y4	Y5	Y10	Y30
Profit (Cummulative)	-$2,389	-$4,778	-$7,167	-$9,556	-$11,945	-$23,891	-$71,675
Revenue Appreciation	$0	$0	$0	$0	$0	$0	$0
Home Equity	$300,000	$300,000	$300,000	$300,000	$300,000	$300,000	$300,000
Down Payment	$75,000	$75,000	$75,000	$75,000	$75,000	$75,000	$75,000
Property Appreciation	$11,250	$22,837	$34,772	$47,065	$59,727	$128,968	$535,223
Total Return	$383,860	$393,059	$402,605	$412,509	$422,781	$480,076	$838,548

Property Appreciation:

Revenue Appreciation:

Cash on Cash Return

-2.52%

Cap Rate

6.1%

Return on Investment

13.27%

1359 Strand St Norfolk, Virginia, 23513-1546

3 bed • 1 bath • 6 guests

Purchase Price

Est. $1,799/mo

Inquire about this property

Contact Agent

$177,200

Zestimate

Norfolk

Guide

Zoning

Market

Guide

Laws

Market Data

$42,054

Annual Revenue

This property is projected to be in the top 46% revenue percentile compared to similar properties nearby.
AirDNA projects $202/night at 57% occupancy ($42,054.19). Airbtics projects $214/night at 55% occupancy ($42,989).

Occupancy Rate

Top 41% of comparables

Avg Daily Rate

Top 51% of comparables

Seasonality

10 Airbnb Comparables

Adjust the filters to identify similar listings to yours. Then adjust your annual revenue estimate accordingly.

$44,369

Avg annual revenue

55%

Avg occupancy rate

$214

Avg nightly rate

🏊‍♂️ Pool

🛁 Hot tub

🐶 Pet friendly

Any type

House

Apartment

Any min stay

Weekly min

Monthly min

4.8+ stars

Revenue per year

$15k

$35k

$55k

$75k

-$2,389

Profit

Revenue

$42,054

Operating Expenses

$19,147

Operating Income

$22,907

Mortgage & Taxes

$25,296

Profit (Cash Flow)

-$2,389

$94,500

Cash Investment

Down Payment

$75,000

Renos & Furnishing

$8,250

Closing Costs

$11,250

Total

$94,500

DSCR Ratio

Weak

0.91

Get a pre-qualification letter

Investment Value Over Time

Property Appreciation

Revenue Appreciation

Cash on Cash Return

-2.52%

Cap Rate

6.1%

Return on Investment

13.27%

STR Tax Calculator (USA)

On purchasing a large business asset, you can subtract the depreciation value from your taxable income in order to pay less income tax. Use this calculator to find out how much you can save. Read tax guide.

Your current annual income

Your income tax rate

Taxes paid on $150,000

$45,000

If you buy this investment property, your est deduction will be...

Deductible mortgage interest

$17,798

Deductible property tax

$3,712

Your total deduction

$97,655

Your adjusted annual income

$150,000 - $97,655 = $52,345

Taxes on $52,345 (30%)

$15,703

Your old tax bill

$45,000

Your new tax bill

$15,703

Estimated tax savings

$29,297

Maximize the depreciation value on your tax returns. Get $50 off cost segregation reports with code BNBCALC at DIYCostSeg.com

Property Overview

View property info, current ownership, recently sold comps, school zone ratings, area rents, and more.

Lot size:

8,185 sqft

Year built:

1952

Size:

2,035 sqft

Type:

MFR

Parking:

Heating:

FORCED AIR

Sold Comparables

Address	Beds	Baths	Square Feet	$/SqFt	Lot Size	Year Built	Last Sale	Days on Market
1407 Picadilly St	6	4	2,226	-	5,293	1987	$305,000	25
1350 Strand St	4	2	1,650	-	10,302	1978	$205,000	-
3734 Pamlico Cir	-	-	0	-	2,396	-	$163,000	-
6104 Alexander St	6	3	1,934	-	8,655	1949	$315,000	32
1129 Green St	-	-	4,480	-	6,277	1986	$575,000	-
4836 Norvella Ave	4	2	1,872	-	5,301	1950	$240,000	49
3820 Essex Cir	5	2	1,834	-	6,377	1942	$322,000	-
6213 Geneva Way	4	4	1,904	-	4,613	1988	$260,000	320
5946 Chesapeake Blvd	3	2	1,769	-	7,989	1943	$235,000	61
5916 Chesapeake Blvd	3	2	1,722	-	10,014	1940	$257,000	32

Property Details

MLS Status: property-details-mls-status-sold

Property Use: Duplex (2 Units, Any Combination)

Stories: 2

Lot size: 8,185 sqft

Building area: 2,035 sqft

Garage: Yes

Heating: Forced air

Pool: No

Fireplaces: 0

Basement: Yes

Cooling: -

View: -

Parking: -

Amenities: -

Price per square foot: -

Lot Info

Zoning: R-8

Land Use: Residential

Parcel Number: 10179400

Flood Zone: No

Tax Info

Year Assessed: 2023

Assessed Value: $258,400

County Est. Land Value: $49,000

Assessed Land Value: $49,000

County Est. Structure Value: $209,400

Market Estimate: $301,417